Oppenheimer & Co. Inc. Purchases New Position in MSCI Inc. (NYSE:MSCI)

Oppenheimer & Co. Inc. bought a new stake in MSCI Inc. (NYSE:MSCIFree Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 1,156 shares of the technology company’s stock, valued at approximately $593,000.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock valued at $29,000 after purchasing an additional 56 shares during the period. Atlas Capital Advisors LLC purchased a new stake in shares of MSCI during the 1st quarter worth approximately $35,000. International Assets Investment Management LLC acquired a new stake in shares of MSCI in the 3rd quarter worth approximately $38,000. Ronald Blue Trust Inc. increased its stake in MSCI by 105.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 80 shares of the technology company’s stock valued at $41,000 after purchasing an additional 41 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in MSCI during the third quarter worth $45,000. 88.61% of the stock is currently owned by hedge funds and other institutional investors.

MSCI Stock Up 1.2 %

Shares of MSCI opened at $592.42 on Friday. The firm has a market cap of $46.86 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10. The company’s fifty day moving average is $553.87 and its two-hundred day moving average is $533.12. MSCI Inc. has a fifty-two week low of $451.55 and a fifty-two week high of $617.39.

MSCI (NYSE:MSCIGet Free Report) last issued its earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. MSCI had a negative return on equity of 103.00% and a net margin of 45.42%. The firm had revenue of $690.11 million for the quarter, compared to analysts’ expectations of $662.64 million. During the same quarter last year, the firm earned $2.84 earnings per share. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc. will post 14.75 earnings per share for the current year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Friday, February 16th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from MSCI’s previous quarterly dividend of $1.38. MSCI’s payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MSCI. The Goldman Sachs Group lifted their price target on MSCI from $544.00 to $617.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Raymond James reissued a “market perform” rating on shares of MSCI in a research note on Friday, January 5th. Edward Jones initiated coverage on MSCI in a research note on Friday, December 22nd. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price target on MSCI from $588.00 to $638.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Barclays upped their price objective on MSCI from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $584.21.

Check Out Our Latest Stock Analysis on MSCI

MSCI Company Profile

(Free Report)

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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